1 The Buyer recognises that the world is currently amidst a pandemic, which may affect how business gets done and cause some difficulty in viewing and collection of assets amongst others.
2 Sellers may have to introduce and modify the rules of engagement relating to the sale and access of various sites. All buyers agree that they will adhere to the regulations and rules set by Government and the Sellers and furthermore agree that the Buyer cannot use this to withdraw from sales.
3 The Buyer recognises that there might be a delay in the collection of assets and/or access to site, which will impact loading time and collection efforts. Each bid that is made by the Buyer is made with this in mind.
The Bidders Attention Is Drawn To The Following:
The assets will be sold “Voetstoots” or “as is where is”. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
The auction is subject to a reserve price and will not be sold for less than such.
The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties.
The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price.